Press

25 december 2013

Summa to dock in Makhachkala

Summa has announced that the structural organization of Summa Group - Port Petrovsk, LLC (which owns 20 hectares of land at the port in Makhachkala) and the FSUE Makhachkala Commercial Seaport (MCS) have signed an agreement of intent. A source with close ties to one of the companies says that according to this agreement, the Summa organization will build new terminals in Makhachkala: one for petroleum products, a terminal to reload general cargo, plus another one for containers. He specified that Summa could invest $300 million in the development of the port in Makhachkala....
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23 september 2013

Plug & Play business incubator comes to Dagestan

A business incubator based on one of the largest networks in the world, Plug & Play, has begun work in Makhachkala on the grounds of the Dagestan State Technical University, reported the correspondent of the Interfax-South agency, who was present at the opening ceremony....
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23 september 2013

Dagestan models itself on the Silicon Valley

Dagestan can now boast playing host to a seed accelerator established by the well-known Plug & Play start-up incubator network and Summa Group owned by Ziyavudin Magomedov....
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20 september 2013

Makhachkala to host the first tech startup incubator based on the American company Plug and Play

A seed accelerator for start-ups based on one of the largest networks of incubators in the world, Plug and Play, has opened in Makhachkala as part of the Dagestan State Technical University. Plug & Play is an American company with its headquarters in the Silicon Valley, specializing in the development of promising start-ups. More than 300 start-ups have been implemented thanks to Plug & Play, which have resulted in a total investment of over $750 million. The first Plug & Play incubator in Russia opened in Moscow in 2012....
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